Italian Software ROE over 20

Theravance Biopharma

Market Cap: US$841.9m

A biopharmaceutical company, develops and commercializes medicines in the United States.

Oddity Tech

Market Cap: US$823.2m

Operates as a consumer tech company that builds digital-first brands for the beauty and wellness industries in the United States, Israel, and internationally.

Cantaloupe

Market Cap: US$802.1m

A digital payments and software services company, provides technology solutions for the self-service commerce market.

CoinShares

Market Cap: US$788.3m

Engages in the creating financial products with digital assets and blockchain technology business in Jersey.

Heritage Insurance Holdings

Market Cap: US$765.0m

Through its subsidiaries, provides personal and commercial residential insurance products.

Carriage Services

Market Cap: US$763.7m

Provides funeral and cemetery services, and merchandise in the United States.

Daily Journal

Market Cap: US$728.4m

Daily Journal Corporation publishes newspapers and websites covering in California, Arizona, Utah, and Australia.

Spire Global

Market Cap: US$722.3m

Provides subscription-based data, insights, predictive analytics, and related project-based services in the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Hallador Energy

Market Cap: US$714.8m

Through its subsidiaries, operates as an independent power producer and fuel company in the United States.

Barrett Business Services

Market Cap: US$713.0m

Provides business management solutions for small and mid-sized companies in the United States.

Nutex Health

Market Cap: US$704.2m

Operates as a healthcare services and operations company in the United States.

OppFi

Market Cap: US$698.0m

A tech-enabled digital finance platform, provides financial products and services for banks in the United States.

Cardinal Infrastructure Group

Market Cap: US$697.8m

A civil contracting company, provides site development and infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets in the southeastern United States.

QuinStreet

Market Cap: US$682.8m

An online performance marketing company, provides customer acquisition services for its clients in the United States and internationally.

Anterix

Market Cap: US$672.3m

Focuses on the commercialization of spectrum assets to enable the targeted utility and critical infrastructure customers to deploy private broadband networks and solutions.

Natural Grocers by Vitamin Cottage

Market Cap: US$609.5m

Natural Grocers by Vitamin Cottage, Inc., together with its subsidiaries, retails natural and organic groceries, and dietary supplements in the United States.

GeoPark

Market Cap: US$608.0m

Operates as an oil and natural gas exploration and production company in Chile, Colombia, Brazil, Argentina, Ecuador, and other Latin American countries.

Karat Packaging

Market Cap: US$594.5m

Engages in the manufacture and distribution of single-use disposable products in plastic, paper, biopolymer-based, and other compostable forms used in various restaurant and foodservice settings.

Thomasville Bancshares

Market Cap: US$589.4m

Operates as the bank holding company for Thomasville National Bank that provides a range of banking services to individual and corporate customers primarily in Thomas and Glynn counties, Georgia, Leon County, Florida, and the surrounding counties.

CorMedix

Market Cap: US$572.3m

A biopharmaceutical company, focuses on developing and commercializing therapeutic products for life-threatening diseases and conditions in the United States.

Flotek Industries

Market Cap: US$570.1m

Operates as a chemical and data analytics company in the United States, the United Arab Emirates, and internationally.

Dingdong (Cayman)

Market Cap: US$567.9m

Operates an e-commerce company in China.

American Coastal Insurance

Market Cap: US$547.9m

Through its subsidiaries, primarily engages in the commercial and personal property and casualty insurance business in the United States.

EverQuote

Market Cap: US$543.7m

Operates an online marketplace for insurance shopping in the United States.

GAMCO Investors

Market Cap: US$521.6m

A publicly owned holding investment manager.

Caledonia Mining

Market Cap: US$489.4m

Primarily operates a gold mine in Jersey.

Kforce

Market Cap: US$483.9m

Provides professional staffing services and solutions in the United States.

Euroseas

Market Cap: US$481.2m

Provides ocean-going transportation services worldwide.

International Money Express

Market Cap: US$476.8m

Operates as an omnichannel money remittance services company in the United States, Latin America, Mexico, Central and South America, the Caribbean, Africa, and Asia.

Build-A-Bear Workshop

Market Cap: US$472.8m

Operates as a multi-channel retailer of plush animals and related products in the United States, Canada, the United Kingdom, Ireland, and internationally.

Diamond Hill Investment Group

Market Cap: US$465.1m

Through its subsidiary, Diamond Hill Capital Management, Inc., provides investment advisory and fund administration services in the United States.

EACO

Market Cap: US$452.1m

Through its subsidiary, Bisco Industries, Inc., distributes and sells electronic components and fasteners in the United States, Asia, Canada, and internationally.

Sohu.com

Market Cap: US$451.6m

Operates as an online media platform and gaming company that provides online products and services on PCs and mobile devices in China.

Envela

Market Cap: US$449.7m

Provides recommerce and recycling services in the United States.

Innovative Aerosystems

Market Cap: US$447.5m

Engages in the engineering, manufacturing, and supply of advanced avionic solutions.

XOMA Royalty

Market Cap: US$437.8m

Operates as a biotech royalty aggregator in the United States, Switzerland, the Asia Pacific, and Australia.